# **NEWDAY MINISTRIES CHRISTIAN CENTRE TRUSTEES REPORT & ACCOUNTS 31 MARCH 2022**
## **Index**
|Legal and Administrative Details|1|
|---|---|
|Report of the Trustees|2|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Accounts|8|
## **LEGAL AND ADMINISTRATIVE DETAILS**
**Trustees:**
Pastor
Pastor Simon Wallace
Other executive members
Lady Brenda Wallace Paulette Rowe
Secretary
Pastor Simon Wallace
**Registered charity number:** 1135233
**Date of charitable registration:**
**Registered address:**
**Worship address:**
25[th] March 2010 74 Westrow Drive Barking IG11 9BN Churchill Rooms, Wanstead Library Spratt Hall Road, Wanstead London E11 2RQ
**Governing document** :
Declaration of Trust dated 18[th] March 2010
Donations may be sent to the Secretary at the registered office
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**NEWDAY MINISTRIES CHRISTIAN CENTRE REPORT OF THE TRUSTEES For the year ended 31 March 2022**
The trustees submit their report and the accounts for the year ended 31[st] March 2022.
## **Structure, governance and management**
## Governing document
The NewDay Ministries Christian Centre (NewDay) is an unincorporated charitable organisation formed on 18[th] March 2010 and registered as a charity on 25[th] March 2010. The charity is governed by a Declaration of Trust which is supplemented by a Book of Discipline which is used for certain day-to-day procedures and activities
## Recruitment and appointment of trustees
There must be at least three trustees. Apart from the first trustees, new trustees must be appointed by a resolution of a special meeting of the trustees duly called under the provisions of the trust deed.
The existing trustees seek to ensure that the needs of the charity are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity.
There were no additional trustees recruited at the year-end or as at the date of this report.
## Trustee induction and training
Many trustees are already familiar with the practical work of the charity being active members of the church and from being involved in other churches and organisations.
New trustees are encouraged to familiarise themselves with charity law, their responsibilities as trustees and with NewDay church rules and practices.
## Management structure
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Deed of Trust.
## Risk management
The trustees actively review, on a regular basis, the major risks that the charity faces and consider that maintaining our free reserves at the levels stated above, combined with our annual review of the controls over key financial systems carried out through an internal audit process, will provide sufficient resources in the event of adverse conditions.
The principal risks to the Charity have been its dependence on voluntary income. The trustees have also examined other operational and business risks which we face and confirm that they have taken steps to mitigate the significant risks.
2
## **NEWDAY MINISTRIES CHRISTIAN CENTRE REPORT OF THE TRUSTEES For the year ended 31 March 2022**
## **Objectives and activities**
The objective of the charity is to advance the Christian religion throughout the world and to undertake such other charitable purposed as the trustees shall from this time determine. The principal activity of the charity is the provision of a place of worship at the Churchill Room, Wanstead Library, London, E11 2QR.
Once again, our activities within the local community were significantly restricted by the covid pandemic but we have continued our endeavours in maintaining our networking through online, telephone and other means.
## **Financial review**
## Principal funding sources
The largest contributions to the charity are from a voluntary general offering given by those attending and from gift aid donations and the associated tax claims.
## Reserves policy
The trustees have forecast the level of free reserves the charity will require to sustain its pastoral and evangelical obligations. The trustees consider that the most appropriate level of free reserves at 31 March 2022 about one year’s expenditure. Whilst our actual free reserves may prove sufficient, it is the trustees’ view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility in the light of the charity’s dependence on freewill offerings and to allow for the purchase of a church property should the need arise.
## Investment policy
The trustees have adopted a strong socially responsible investment policy for the reserves of the charity. This policy, in tandem with the need to fulfil our statutory obligations, has the objective of investing in such a way that the principles of socially responsible investment are promoted. A further factor is the need to have ready access to our reserves, as long-term funding cannot be guaranteed, so for the current period, we have placed surplus funds on short-term deposits.
## **Public benefit**
We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
In a normal year we would hold a number of positive community events with the aim of broadening our contacts with the local community.
3
## **NEWDAY MINISTRIES CHRISTIAN CENTRE REPORT OF THE TRUSTEES For the year ended 31 March 2022**
## **Public benefit** (continued)
Our work usually includes:
- Providing regular public worship open to all
- Providing sacred space for personal prayer and contemplation
- Conducting pastoral work including visiting the sick and the bereaved
- Teaching Christianity through sermons, courses and small groups
- Providing a youth club with a Christian ethos
- Promoting the whole mission of the church through activities for senior citizens, parents and toddlers and other special needs groups
Where possible, we serve the community in the areas of homelessness and annual food programmes. Volunteers from the Church work with Crisis at Christmas and also support feeding those that are hungry and in need at of shelter via the Local Authority feeding programmes.
## **Statement of trustees' responsibilities in respect of the accounts**
Law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those accounts, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the accounts; and
- prepare the accounts on a going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and enable them to ascertain to ensure that the accounts comply with the Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees are responsible for the maintenance of the Charity and financial information included on the Charity’s website.
## **By order of the board of trustees dated 28 April 2022**
**Pastor Simon Wallace [** Secretary]
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## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE NEWDAY MINISTRIES CHRISTIAN CENTRE**
I report on the accounts of the charity for the year ended 31[st] March 2022, which are set out on pages 6 to 11.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Name:
P. D. Clark - Fazers Independent Examiners Cottingham, HU16 5PS
28 April 2022
5
## **NEW DAY MINISTRIES CHRISTIAN CENTRE STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 March 2022**
|**2022**
_Continuing activities_
Notes
£
**Incoming resources**
General offerings
14,555
Gift aid donations and tax repayments
96,892
Donations and other income
5,049
_______
116,496
Other incoming resources
Interest receivable
169
_______
116,665
**Resources expended**
2
Direct charitable expenditure:
44,014
Governance costs
4,370
_______
48,384
_______
**Net outgoing resources for the year**
68,281
Fund balances brought forward
288,664
_______
**Fund balances carried forward**
356,945
_______|**2021**
£
-
64,528
(4,157)
_______
60,371
-
_______
60,371
41,086
2,214
_______
43,300
_______
17,071
271,593
_______
288,664
_______|
|---|---|
There are no designated or restricted funds associated with the charity
6
## **NEW DAY MINISTRIES CHRISTIAN CENTRE BALANCE SHEET As at 31 March 2022**
|**2022**
Notes
£
**Fixed assets**
Tangible fixed assets
3
6,471
**Current assets**
Cash at bank and in hand
333,750
Accrued income - Gift Aid
17,206
_______
350,956
**Creditors**
Amounts falling due within one year
Other creditors
4
1,082
_______
**Net current assets**
349,874
_______
**Total liabilities less total assets**
356,345
_______
**Funds**
Other charitable funds
356,345
_______
356,345
_______|**2021**
£
7,622
266,030
15,479
_______
281,509
467
_______
281,042
_______
288,664
_______
288,664
_______
288,664
_______|
|---|---|
**These accounts were approved by the Board of Trustees on 28 April 2022**
**Pastor Simon Wallace Trustee**
7
**NEW DAY MINISTRIES CHRISTIAN CENTRE NOTES TO THE ACCOUNTS For the year ended 31 March 2022**
## **1. Principal accounting policies**
The financial statements have been prepared under the historical cost convention and in accordance with the SORP on Accounting and Reporting by Charities and applicable accounting standards.
## **b) Fixed assets and depreciation**
Tangible fixed assets, except for land and buildings, are stated at cost less, where applicable, amounts written off on a reducing balance basis.
## **c) Income**
The major sources of income are from donations, offerings and deeds of covenant. All non-investment income is shown gross and is accounted for when received by the charity.
## **d) Taxation**
The charity intends to apply for charitable exemption under Section 505 of the Income and Corporation Taxes Act 1988.
## **e) Hire purchase and leasing commitments**
Assets obtained under hire purchase or finance leases are capitalised in the balance sheet and depreciated over their estimated useful lives or, in the case of a lease, the lease term, if shorter.
8
## **NEW DAY MINISTRIES CHRISTIAN CENTRE NOTES TO THE ACCOUNTS For the year ended 31 March 2022**
|**2. Resources expended**
**2022**
**Direct**
**Governance**
**Total**
**charitable**
**£**
**£**
**£**
**Staff**
Pastors' remuneration
25,175
1,325
26,500
Pension contributions
1,386
72
1,458
Employer's national insurance
-
-
-
**26,561**
**1,397**
**27,958**
**Office**
Rents
5,569 -
5,569
Use of own property
4,549 -
4,549
Repairs and renewals
143 -
143
Telephone and fax
885 -
885
Postage and stationery
455 -
455
Transport and travel
3,163 -
3,163
Training and conferences
90 -
90
Sundry
-
496
496
Profit/loss on disposal of fixed assets
-
-
-
Depreciation
1,799
94
1,893
**16,653**
**590**
**17,243**
**Professional and financial**
Media and television
-
107
107
Legal and professional fees
-
1,186
1,186
Accountancy fees
-
1,090
1,090
**-**
**2,383**
**2,383**
**Church**
Gifts and donations
800 -
800
**800 -**
**800**
_______
_______
_______
**44,014**
**4,370**
**48,384**
_______
_______
_______|**2021**
**£**
26,500
2,268
1,164
**29,932**
426
4,549
-
825
250
3,535
-
146
30
2,257
**12,018**
-
-
460
**460**
890
**890**
_______
**43,300**
_______|
|---|---|
9
## **NEW DAY MINISTRIES CHRISTIAN CENTRE NOTES TO THE ACCOUNTS For the year ended 31 March 2022**
|**3. Fixed assets**|Motor|Computer|Fixtures and|Total|
|---|---|---|---|---|
||vehicles|equipment|fittings||
|**Cost or valuation**|£|£|£|£|
|Brought forward|3,950|5,264|5,603|14,817|
|Additions in year|-|339|403|742|
||_______|_______|______|_______|
|As at 31 March 2022|3,950|5,603|6,006|15,559|
||_______|_______|______|_______|
|**Depreciation**|||||
|Brought forward|1,729|2,863|2,603|7,195|
|Charged in the year|555|1,037|301|1,893|
||_______|_______|______|_______|
|As at 31 March 2022|2,284|3,900|2,904|9,088|
||_______|_______|______|_______|
|**Net book value**|||||
|As at 31 March 2022|1,666|1,703|3,102|6,471|
||_______|_______|______|_______|
|As at 31 March 2021|2,221|2,401|3,000|7,622|
||_______|_______|______|_______|
||||**2022**|**2021**|
|**4. Creditors**|||£|£|
|Amounts falling due within one year|||||
|Other creditors|||7|7|
|Accrued expenses|||1,075|460|
||||_______|_______|
||||1,082|467|
||||_______|______|
10
## **NEW DAY MINISTRIES CHRISTIAN CENTRE NOTES TO THE ACCOUNTS For the year ended 31 March 2022**
|**6. Reserves**|RevaluationOther funds|RevaluationOther funds|Total|
|---|---|---|---|
||reserve|||
||£|£|£|
|As at 31 March 2021|0|288,664|288,664|
|Revaluations in year|0|-|0|
|Prior year adjustment|0|(600)|(600)|
|Net outgoing resources for the year|-|68,281|68,281|
||_______|_______|_______|
|As at 31 March 2022|0|356,345|356,345|
||_______|_______|_______|
11
**NEW DAY MINISTRIES GRAPH SUMMARIES For the year ended 31 March 2022**
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140000
ANNUAL TRENDS
120000
100000
80000
60000
40000
20000
0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Income Expenditure Net surplus
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35000
EXPENDITURE
30000
25000
20000
15000
10000
5000
0
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Staff Office Professional/interest Church
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7